April 29, 2022
The IRS can collect $3.1 million for a woman's failure to disclose her Swiss account after the First Circuit joined other appeals courts Friday in rejecting assertions that a 1987 regulation is active and caps her penalty at $100,000.
October 26, 2021
A First Circuit panel suggested Tuesday that it may not be able to overturn a $3.2 million judgment against a Massachusetts woman for failing to report a Swiss bank account given the appeals court's past decision upholding a similarly steep financial penalty.
August 26, 2021
The First Circuit should overturn a $3.2 million penalty against a woman accused of hiding her Swiss bank account because the government misleadingly portrayed her as culpable and the fine is excessive, she told the court.
July 08, 2021
A $3.2 million judgment against a taxpayer for willfully failing to report her Swiss bank account should stand because of her reckless disregard for reporting requirements, the U.S. has told the First Circuit.